ChainCatcher report, according to Onchain Lens monitoring, a major whale address, after being inactive for a year, deposited $5.01 million in USDC into the decentralized derivatives platform HyperLiquid within the past two hours and opened a 2x leveraged short position on the CL token.
Whale deposits $5.01M USDC into HyperLiquid and shorts crude oil
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Summary
Whale activity saw a major move as a whale deposited $5.01 million USDC into HyperLiquid and opened a 2x short on CL tokens in the last two hours. The address had been inactive for over a year prior to this sudden action. Traders are closely monitoring for shifts in support and resistance levels as a result.
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